consolidation loan
noun
a loan made in order to consolidate several debts into one loan, usually for the purpose of reducing the monthly payments by extending them over a longer time period.
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What Is The Difference Between Loan, Lend, Loaned, And Lent?The words loan and loaned are the present and past tenses of to loan. Lend and lent are the present and past tenses of to lend. As verbs, loan and lend are often used interchangeably. For example, “A bank loans people money to buy a home. It also lends borrowers money to buy a car.” Loan and lend also have identical meanings when they’re used …
Nearby words
consolidate, consolidated, consolidated fund, consolidated school, consolidation, consolidation loan, consolidator, consols, consolute, consomme, consommé
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
British Dictionary definitions for consolidation loan
consolidation loan
noun
a single loan which is taken out to pay off several separate existing loans
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
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